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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $165.22
- 3 Days on Market
- MLS # : 2256656
- Updated Date : 12/18/2020 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,846 sqft
- Baths : 2 full , 1 half
Listing Agent
Era Brokers Consolidated
Listing Agent's Description
Great home on a cul de sac near SILVERADO RANCH * Features include: SOARING VAULTED CEILINGS, CEILING FANS, COMMUNITY POOL, SPACIOUS MASTER DOWNSTAIRS, TWO BEDROOMS WITH JACK AND JILL BATH, PATIO * Kitchen features BREAKFAST BAR, BREAKFAST NOOK with CHARMING BAY WINDOW AND WINDOW SEAT looking out to back yard, ALL APPLIANCES INCLUDED! * Near 215 FREEWAY, TONS OF SHOPPING, RESTAURANTS, AND THE ENORMOUS SUNSET PARK WITH PICNIC AREAS, SOFTBALL FIELDS, BASKETBALL COURTS, PLAYGROUNDS, WALK PATHS, DOG PARK, HUGE POND, VOLLEYBALL COURTS, AND TENNIS COURTS!
SEE MORE
- Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
- Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
- A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
- Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
- Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$191 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$112
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$305,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$86,575
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
7.75
YEARS SAVED
$36,104
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,620
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7591 Luna Del Rey Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,610
- $0.87
-
2314 Crooked Creek Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2002
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,550
- $0.84
-
2204 Buffalo Run Avenue Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2000
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
7518 Luna Del Rey Street #0 Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 2002
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
261 Mattino Way Henderson, NV 5
- 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1993
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,645
- $0.91
PROPERTY LISTING DETAILS
1.702.768.8444
Era Brokers Consolidated
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256656
Last Updated: 12/18/2020
